Monday, August 8, 2022
63.6 F
Oxnard
More

    Latest Posts

    Setting Brushfires of Freedom by Don Jans

    State Budget Deal: Most Californians Will Get Stimulus Payments

    Sponsored - Job Posting

    We are a small but mighty business in Ventura, CA specializing in Civil/Agricultural Engineering and Land Surveying. Going strong for over 35 years. Looking for motivated team players for immediate hire. Candidates must have at least 3 years of experience in Civil Engineering, Land Surveying, and AutoCAD Civil 3D. Must want to grow with the company. For the right person, management potential. Wages will depend on experience. Benefits include paid holidays, matching retirement plan & much more. Send resumes to: [email protected]

    YCE, Inc. is an Equal Opportunity Employer. Tel: 805-650-6995www.YCEinc.com

    By Sophia Bollag

    Most Californians would receive stimulus payments ranging from $200 to $350 per person under a budget deal that Gov. Gavin Newsom and state legislative leaders announced Sunday night.

    Tax refunds under the agreement’s $17 billion “inflation relief package” would provide $350 to individuals making less than $75,000 per year. Couples making less than $150,000 who file their taxes together would receive $700. If families in those categories have at least one dependent, the deal calls for them to also receive another $350. That means families could receive up to $1,050.

    The agreement also would provide checks, although in smaller amounts, to many people who make more money. The smallest payments are designated for individuals making up to $250,000, who would get $200. Couples filing jointly who make less than $500,000 will receive $400, plus an additional $200 for dependents.

    Under the plan, the state would send people the money through direct deposits and debit cards beginning in October. The state’s Franchise Tax Board estimates all the money would be sent out by early next year, said H.D. Palmer, spokesperson for the state’s Department of Finance.

    The state budget deal must be passed by the Legislature and signed by Newsom to become law, but a statement from legislative leaders, Senate President Pro Tem Toni Atkins and Assembly Speaker Anthony Rendon, saying they’ve signed on to the deal indicates that will happen.

    In addition to the tax refunds, the budget agreement would also suspend the 23-cent state sales tax on diesel for a year starting Oct. 1, Palmer said. Under the agreement, the state would provide local governments the revenue that would have come from the diesel tax, to avoid stalling local transportation projects.

    The agreement also includes money to help Californians pay their rent and utility bills, the governor and legislative leaders said. It also adds $47 billion in infrastructure spending and $200 million for reproductive health care in the wake of the Supreme Court decision this past week overturning Roe v. Wade.

    “In the face of growing economic uncertainty, this budget invests in California’s values while further filling the state’s budget reserves,” Newsom, Atkins and Rendon said in a written statement.

    The announcement of the deal indicates Newsom’s proposal to send $400 payments to vehicle owners is dead. Newsom had initially made the proposal to provide targeted relief from high gas prices that his administration said could be sent out to Californians more quickly than payments to tax filers. But he failed to get lawmakers to sign onto the idea.

    Click here to read the full article in the SF Chronicle


    TELL YOUR FRIENDS ABOUT CITIZENS JOURNAL  Please keep us publishing – DONATE

    - Advertisement -

    4 COMMENTS

    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    4 Comments
    Newest
    Oldest Most Voted
    Inline Feedbacks
    View all comments
    Heisenberg
    Heisenberg
    1 month ago

    hey Guv Hairdo, how about lowering taxes and removing other burdens from us suckers you call taxpayers? BTW you are called “Hairdo” because that is really all you have to offer, a well coiffed empty shell.

    Julia
    Julia
    1 month ago

    GREAT ONE

    Julia
    Julia
    1 month ago

    nice one

    Julia
    Julia
    1 month ago

    GOOD NEWS

    Latest Posts

    advertisement

    Don't Miss

    Subscribe

    To receive the news in your inbox

    4
    0
    Would love your thoughts, please comment.x
    ()
    x